Intelligence Squared The Sunday Debate: The Great Energy Transition – What is the Role of Corporations in the Energy Transition?
Dec 4, 2022
In this discussion, Jennifer Rumsey, President and CEO of Cummins Inc., shares insights on corporate responsibility in achieving net-zero emissions amid the energy transition. Gillian Tett from the Financial Times delves into the corporate shift from profit-centric to stakeholder-focused models, while Jason Bordoff, an expert on energy policy, highlights the need for collaboration between corporations and governments. They explore skills transition from fossil fuels to renewables and the importance of clear communication in navigating the complex energy landscape.
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Corporate Zeitgeist Shift
- Companies are shifting from shareholder-centric to stakeholder-centric views.
- This shift is driven by increased transparency, societal pressure, and risk management.
Collaboration for Climate Action
- Governments and corporations need to work together on climate action.
- Policy sets the playing field, and private capital funds the transition.
Policy for Green Infrastructure
- Policy should encourage building decarbonized infrastructure and offsetting higher initial costs of green technologies.
- Scaling up production and technological advancements will eventually lead to cost parity with traditional solutions.
